4 Court Ave
Greenwood Lake, NY 10925

**Finally** The Rainbow Inn, along with her multi-tenant property consisting of another single family home and 9 rental units, is arguably the largest lakefront zoned Resort/Commercial property for sale on Orange County’s coveted Greenwood Lake, NY. At approx. +- 2 acres, she sits just up the quiet east arm, comfortably and conveniently off the main lake, of this longstanding resort community. Located less than 60 miles from the heart of Manhattan, the Rainbow Inn and her magnificent approx. 600 feet of lakefront property have been dazzling fishermen, boaters, vacationers, restaurant goers and loyal long time patrons for generations. The Rainbow has approximately 40 boat slips which are currently used for restaurant/bar patron docking as well as seasonal boat slip rentals. She also boasts a sand beach and picnic/BBQ recreational area which could easily accommodate new construction. The main building houses the restaurant and horseshoe shaped bar, a magnificent antique woodwork built by the American Cabinet Co. for an Anheuser Bush/Budweiser magazine spread around the turn of the century. The upper floor consists of a 3 bedroom, 1 bath, apartment hosting panoramic views of the lake and property. The main building/restaurant is fully functional/livable but in need of significant update/renovation and modernization. She sits on over an acre of waterfront land. A parcel approximately +- 250 ft x 200 ft (50,000 sq ft) boasting approx. 600 ft of lakefront land. The detached single family home, boasting beautiful lake views, is located on a +- 150’ x 50’ (7500 sq ft) parcel at the East side of the Rainbow parking lot. The two story 3 bedroom home is not currently livable and will need a complete renovation or teardown/rebuild. Across the quiet street, situated on an approximate +- 150’ x 160’ (24,000 sq ft) parcel, are 3 multi-tenant and 3 single unit cottages with 6 of the 9 total units currently occupied. Like many of the homes in Greenwood Lake, these cottages were originally built as summer only homes. A prospective buyer may see great value in complete renovation or teardown/rebuild. The South West corner of the property contains an old, non-livable, multi-unit fishermen’s cottage which is now used for storage. Another approx. 200 sq ft storage shed is located near the roadway. Whether commercial, residential, old or new construction, this prime piece of Hudson Valley lakefront real estate has limitless potential. There is a rich history at the Rainbow Inn. It’s up to the new buyer’s imagination to create the future. The current ownership has extensive experience with the local government and will work with any prospective buyer as well as the county, town & village to help navigate zoning and permits. Please contact us with any questions or for a detailed showing.